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We consider two-sided matching markets in which agents have private information on a state of nature which determines the agents' utilities of matching. Monetary transfers are allowed and utility functions are quasi-linear. The model thus extends the assignment game introduced by Shapley and...
Persistent link: https://www.econbiz.de/10010905077
We test the hypothesis that smiles perceived as honest serve as a signal that has evolved to induce cooperation in situations requiring mutual trust. Potential trustees (84 participants from Toulouse, France) made two video clips averaging around 15 seconds for viewing by potential senders...
Persistent link: https://www.econbiz.de/10011115220
are an example. This proves to be closely related to implementation by means of the strong equilibrium concept. …
Persistent link: https://www.econbiz.de/10010765456
rate rule equilibrium under a dependent balancedness assumption. It shall turn out to be manipulable tools for selecting …
Persistent link: https://www.econbiz.de/10010905124
We prove that a natural monopoly can set subsidy free pricing and sustainable pricing schedules in general economic environment. The setting is a multiproduct and multiple agent contestable market where demands are elastic and where rivals can enter the sub-markets composed by a set of the...
Persistent link: https://www.econbiz.de/10010905176
We provide some existence results of stable pricings for natural monopoly as defined in the theory of contestable markets. The main addings are based on the assumption of separated markets and the possibilities of entries. We borrow tools from cooperative game theory. Following the work of...
Persistent link: https://www.econbiz.de/10010905237
modelled in terms of equilibrium-core allocations of parameterized cost games. …
Persistent link: https://www.econbiz.de/10010905384
transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows … new setting and its associated equilibrium–core solution extend the usual cooperative game framework and core solution to …
Persistent link: https://www.econbiz.de/10010905386
In several papers, Negishi revisted the foundations of competitition. Sensitive to the Edgeworthian views of exchange but strongly influenced by the law of indifference of Jevons, he tried to reconcile both approaches. The main result of this synthesis is the equivalence between the walrasian...
Persistent link: https://www.econbiz.de/10011072057
negotiation game and the generalized Nash bargaining solution (Nash in Econometrica 21:128–140, 1953) as the equilibrium. For …
Persistent link: https://www.econbiz.de/10011073100